IFAwebnews » AIG

Colo. health plan owner admits defrauding, embezzling up to 250 clients

Bob Graham — Thu, 27 Oct 2011 15:46:31 +0000

The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million.

Colo. health plan owner admits defrauding, embezzling up to 250 clients via IFAwebnews.

AIG hopes Supreme Court ruling kills class-action filing

IFAwebnews Staff — Tue, 23 Aug 2011 11:49:37 +0000

American International Group joined a cadre of banks asking a federal court to block a proposed nationwide class-action suit against them over the global insurer’s near-collapse three years ago.

AIG hopes Supreme Court ruling kills class-action filing via IFAwebnews.

Court endorses AIG’s $450 million payment to end workers’ comp. suit

IFAwebnews Staff — Tue, 26 Jul 2011 10:26:13 +0000

A court in New York has given its preliminary approval to a settlement in a suit involving the alleged under-reporting of American International Group’s market share in the workers’ compensation market to trim its payments to state insurance pools.

Court endorses AIG’s $450 million payment to end workers’ comp. suit via IFAwebnews.

Bailed-out insurer seeks refuge through mortgage investment lawsuits

Jaime L. Brockway — Tue, 10 May 2011 12:56:23 +0000

American International Group (AIG), the global insurer that at one point was 92% owned by the U.S. government after a $182 billion bailout, is taking legal action concerning billions of dollars it allegedly lost due to mortgage-related fraud.

Bailed-out insurer seeks refuge through mortgage investment lawsuits via IFAwebnews.

Insurer to pay $760,000 for selling unauthorized health coverage

Jaime L. Brockway — Wed, 27 Apr 2011 17:48:09 +0000

A New York, N.Y.-based health insurance company must pay $760,000 in restitution for selling unauthorized health insurance in Massachusetts.

Insurer to pay $760,000 for selling unauthorized health coverage via IFAwebnews.

AIG’s Chartis shuffles leaders as part of reorganization

Bob Graham — Thu, 31 Mar 2011 19:18:38 +0000

American International Group’s Chartis property-casualty business has new leadership and structure as it seeks to align accountability with long-term results.

AIG’s Chartis shuffles leaders as part of reorganization via IFAwebnews.

Former New York legislator sentenced for $863,000 insurance fraud

IFAwebnews Staff — Tue, 22 Mar 2011 09:23:58 +0000

A former Suffolk County, N.Y., legislator was sentenced to one to three years in prison for insurance fraud in connection with a fire at his Westhampton Beach home.

Former New York legislator sentenced for $863,000 insurance fraud via IFAwebnews.

AIG’s Chartis faces $1 billion in losses from 1st quarter catastrophes

Bob Graham — Mon, 21 Mar 2011 15:15:00 +0000

American International Group Inc. said its property-casualty insurance unit, Chartis, could face more than $1 billion in catastrophic losses from incidents in the first quarter of this year.

AIG’s Chartis faces $1 billion in losses from 1st quarter catastrophes via IFAwebnews.

MetLife modifying deal to permit AIG to sell equity securities earlier

IFAwebnews Staff — Wed, 02 Mar 2011 06:03:58 +0000

American International Group said MetLife agreed to modify their agreement in connection with the sale of American Life Insurance Co. (ALICO) so AIG can sell MetLife equity securities earlier than permitted in the original terms of the sale.

MetLife modifying deal to permit AIG to sell equity securities earlier via IFAwebnews.

AIG pays $150 million settlement for multiple derivative litigations

Jaime L. Brockway — Thu, 03 Feb 2011 07:36:24 +0000

American International Group’s (AIG) directors and officers' insurers will pay $150 million to resolve legal disputes with former company executives.

AIG pays $150 million settlement for multiple derivative litigations via IFAwebnews.